Miamisburg is moving forward on the redevelopment of iconic Main Street buildings, a project estimated to cost $1.4 million.
The city council is considering approving a deal with Simplify Real Estate and Moda4 Design, developers to partner in the effort to refurbish the former Suttman’s Men’s and Boys’ Wear at 24-32 S. Main St., which was built around 1900.
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The city has demolished part of the structures with an eye on redeveloping the site with “high-quality retail and residential space,” Miamisburg Development Director Chris Fine has said.
A memorandum of understanding involving the developers and the city is set to go before Miamisburg council Tuesday night.
The agreement would commit the city to fund $75,000 for initial costs for plans and specifications, city records show. The document would also “acknowledge the need” for the city to provide $225,000 more in public funds, but would not commit Miamisburg to spend that money.
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The memorandum of understanding includes the following parameters, city records show:
•Project vision
•Plans
•Zoning
•Development incentives
•Future development agreement.
Miamisburg City Council is scheduled to meet 6 p.m. Tuesday at the Miamisburg Civic Center, 10 N. First St.
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